The property portal gives users access to over 48,000 offices and hotels across Singapore, Malaysia and Australia and provides information about property agents who specialise in cross-border and regional commercial investments.
The platform is intended to simplify commercial property searches, allowing users to source for properties across countries, as well as search industry trends and insights for investment decision-making.
Consolidated listings from multiple sources will feature across the site to include Australia-based REA Group and iProperty Group.
Sean Tan, Singapore General Manager (GM) and Chief Business Development Officer at iProperty Group, said:
“Asian cross-border commercial property investment is rising, accounting for 33 per cent of commercial property investment transactions in the 12 months ending Q2 2016, the highest level since Q2 2008, according to Real Capital Analytics.
“CommercialAsia helps sophisticated investors make well-informed decisions on cross-border real estate investment."
But investors aren't the only ones set to gain an advantage from the site.
"Property agents also benefit as the platform allows them to tap into iProperty’s extensive network of savvy and experienced investors,” Tan said.
According to JLL Asia Pacific Capital Markets in Focus Q2 2016, the commercial property markets in Singapore and Australia saw S$5.98 billion of transactions each, with an increase of 144% year-on-year for Singapore.
iProperty Group owns a number of property portals in Malaysia, Thailand, Indonesia and Hong Kong, while REA Group operates Australia’s leading commercial property website – realcommercial.com.au.